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Published on 11/12/2010 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

RBS Global, Rexnord redeem all $913,000 9½% notes issued 2006, 2009

By Melissa Kory

Cleveland, Nov. 12 - Rexnord Corp., LLC and RBS Global, Inc. redeemed all of their outstanding $0.9 million 9½% notes due 2014 issued in 2006 and all of their outstanding $13,000 9½% notes due 2014 issued in 2009, according to a 10-Q filed with the Securities and Exchange Commission.

The notes were redeemed on Sept. 24 at 104.75%, plus accrued interest up to the redemption date.

RBS Global is the parent company of Rexnord, a Milwaukee-based provider of power transmission and water management products.


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